Treasury has asked for views on ways to promote private RMBS, a request sure to spur a flurry of fevered commentary that will allow Treasury to announce something significant that is doubtless already well in hand without obvious disregard to public comment. Given the use of the Treasury’s Federal Financing Bank to finance the new affordable-housing program announced in concert with the PLS inquiry, more than just a new set of rep-and-warrant best practices could be in the works.
The full report is available to subscription clients. To find out how you can sign up for the service, click here